April, 2022

• 25 April

  Netflix faces stagnation challenge

  

  Losing subscribers for the first time in more than a decade, Netflix must confront the challenge of stagnation from a position of strength.  A drop of just 200,000 users — less than 0.1 percent of its total customer base — was enough to send Wall Street panicking, with shares plunging more than 30%.  The loss of subscribers and the company’s …

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• 25 April

  Philippine economy seen to lead recovery

  

  The country’s economic growth is projected to return to 6.5% by end of 2022, only to slightly fall back to 6.3% in 2023 as a result of increased economic activity due to election spending, according to the latest World Economic Outlook of the International Monetary Fund (IMF).  This IMF estimate for the Philippines is higher than the 5.3% average growth …

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• 25 April

  SM Foundation opens scholarship program for SY 2022-2023

  

  SM Foundation (SMFI) is inviting incoming college freshmen to apply for the SM College Scholarship program for School Year 2022-2023.  The SM Scholarship Program started from the vision of the late SM patriarch, Henry “Tatang” Sy, Sr. He believed that if you send one child from an economically challenged family to college, that child would have more opportunities to have …

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• 25 April

  BIR improves collection performance, expands tax base with digital switch

  

  The heightened implementation of the Bureau of Internal Revenue (BIR)’s digitalization transformation (DX) programs, complemented by its growing workforce of young and skilled professionals under the Duterte administration, enabled the agency to steadily improve its collection performance and broaden the taxpayer base in 2021.  BIR Commissioner Caesar Dulay reported that 4.63 million business taxpayers were registered last year despite the …

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• 25 April

  PAGCOR renews ties with rehab centers to promote responsible gaming

  

  The Philippine Amusement and Gaming Corporation (PAGCOR) recently signed new memorandums of agreement with two of its rehabilitation partners to continuously heighten the public’s awareness on the state-run gaming firm’s responsible gaming program.  PAGCOR formally renewed its ties with the Bridges of Hope and the Life Change Recovery Center on 7 April 2022 to thwart the ill-effects of uncontrolled gambling …

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• 25 April

  Manila Water, partners kick off 2-day Earth Day activities

  

  As part of the 2022 Earth Day Celebration, Manila Water, together with its partner agencies, kicked off a 2-day environmental event with a theme, “Saving the Earth: Securing Water for the Future”.  Manila Water was joined by its partner organizations Department of Environment and Natural Resources (DENR), National Water and Resources Board (NWRB), Department of Interior and Local Government (DILG), …

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• 25 April

  MREIT declares first tranche of quarterly dividends for 2022

  

  MREIT, Inc., the REIT company of the country’s largest office landlord Megaworld, declared dividends of P0.243 per share to its shareholders based on its income for the first quarter of 2022.  The cash dividends will be payable on May 31, 2022 to stockholders on record as of May 10, 2022.  MREIT’s dividend policy contemplates quarterly distribution of dividends.  Reflecting the …

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• 25 April

  Emperador banners 2021 with net profit soaring 35% to P10.8B

  

  Emperador Inc. – the largest global brandy company owning the world’s iconic and best-selling brandy, Emperador Brandy – recorded a normalized net profit of P10.8 billion in 2021, reflecting a robust 35% increase from 2020’s net profit of P8 billion. Normalized net profit to owners went up by 34% year-on-year to P10.6 billion last year. Revenues rose by 6% to …

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• 25 April

  Mayor Singson cruises on his ‘BMW’ armored van

  

  If he is not traveling on air on his private jet, chances are you can see Narvacan, Ilocos Sur Mayor Luis Chavit Singson riding his armored-van “BMW” most of these days.  It was his ride when he guested last Monday (April 18) during the “Kapihan ng Samahang Plaridel” at the Manila Hotel. What he used then was the Inkas Civilian …

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• 25 April

  IPC’s changing of guards

  

  Before the end of the month, Isuzu Philippines Corporation (IPC) will be having the changing of leadership as its current president Hajime Koso turns over the helm of the leading manufacturer to Noburo Murakami.  Koso is certainly one of the longest serving presidents of a leading industry companies, having been in his post for seven years. He took over the …

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